Tecnotree Oyj - Company Announcement

Tecnotree has agreed to split a LatAm delivery project into two projects

Tecnotree Corporation
Stock exchange release
27 January 2015 at 09.30 am EET

Tecnotree Corporation has agreed to split the USD 30.5 million delivery project
with a Latin American operator group, which was announced on 20 December 2011,
into two projects. The first project is worth USD 13.2 million and consists of
the optimization to a prepaid platform and the delivery of an order management
platform. The first project is reaching its completion and will be finalized
during first half of 2015. 

The agreed phasing shall lower Tecnotree's order backlog by USD 17.3 million,
as the delivery project shall be split into two projects and the commercial
negotiations of the second phase have not yet been concluded. The agreed
phasing shall clarify the scope of the delivery and release USD 5.6 million
working capital, as according to the renegotiated terms, Tecnotree has the
right to invoice after the completion of the sub delivery phases. 

As part of the phasing, the parties have agreed that Tecnotree shall deliver
the Tecnotree Agility(TM)Convergent Charging Solution for the operator group's
three countries as the mobile data charging platform.  In addition, Tecnotree
shall deliver professional services to ensure the smooth implementation and
integration with existing network operations and business support systems. 

“The agreed phasing of the delivery project clarifies the scope of the
delivery, and releases working capital. In addition the second phase of the
delivery project is very synergic to the 24.4.2012 announced Tecnotree
Agility(TM) Convergent Charging Solution delivery project to the same operator
group in another country and solidifies Tecnotree's role as leading charging
solution vendor in the Latin American market,” comments Ilkka Aura, Executive
Vice President, Europe and Americas. 

The agreed phasing does not affect the guidance given for the fiscal years 2014
or 2015. 


TECNOTREE CORPORATION

MORE INFORMATION
Ilkka Raiskinen
CEO
tel. +358 (0)45 311 3113
Ilkka.raiskinen@tecnotree.com

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main Media
www.tecnotree.com

About Tecnotree
Tecnotree is a global provider of telecom IT solutions for the management of
products, customers and revenue. Tecnotree helps communications service
providers to transform their business towards a marketplace of digital
services. Tecnotree empowers service providers to monetise on service bundles,
provide personalised user experiences and augment value throughout the customer
lifecycle. With over 1000 telecom experts, Tecnotree serves more than 100
service providers in over 70 countries. Tecnotree is listed on the main list of
NASDAQ OMX Helsinki with the trading code TEM1V. For more information on
Tecnotree, please visit  www.tecnotree.com